What are some disadvantages of BTC? - page 34.

mammoniter

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

Vulnerability to a great number of online predators and threats like hackers viruses and phishing sites plus a lot of uncontrolled factors like file corruption and losing of wallet accessibility data and not to mention the internet quality also affects it which is a big issue in our country who have slow and expensive internet service providers. So primarily bitcoins and other cryptocurrencies advantages of being able to be used by anyone anywhere is also what gives it risks.

Cacaparg

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To my mind the most disadvatage of bitcoin that it is used for drugs trading, porn industry and guns.

Mysterious01

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

If we talk solely about bitcoin their are plenty of disadvantages about it.
One thing that I can share is anonymity which can be used by many people that intended to do bad like they can use bitcoin to commit crime, steal others money by hacking and many more.

selectaselectine

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I-CHAIN - The Revolution of Digital Advertising

For me, it can be hacked and can be stolen from you.

Pakboy

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"Proof-of-Asset Protocol"

Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

We all know that the bitcoins have also many disadvantages. One of the disadvantages is the high transactions fee, many people like me are pissed off because of the high transactions fee.

jzale

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One thing that ticks me off about BTC is the transaction speed. Takes a lot of time though depending on how much you pay for the transaction speed. Other thing is that it can be easily stolen and your BTC can pop off along with where you store it when that site goes down.

rockyfeller

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

The transaction per second is very slow, it takes 30 mins to 1 hour to send per transactions. and disadvantages here bitcoin is unpredictable because of its price sometimes it get high sometimes the price falls down

NelfiNovita

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

the weakness of bitcoin in my opinion is not yet able to be used by every country, including in my country bitcoin not yet legal, only certain country that legalize bitcoin, and time of its slow confirmation if in use for payment.

vandvl

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i have no idea if what the disadvantages of bitcoin because maybe ihave no encounter of it or im a newbie for this currency...maybe the disadvantages is some scamer and hacker atack btc because of price...

lance04

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We all know the advantage of the bitcoins is through its value. Bitcoin has a very high value if we excahnge this into fiat money. However it has also a disadvantage which is nowadays not all people know its existence. I think that is one of the disadvantage of bitcoins.

DewiKirana

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Bitcoin has not been fully used as a transaction tool, it still needs refinement. Especially if living in a country that has not legalized bitcoin, tastes like vegetables without salt, high value but can not be used in my own country except with online purchases.

Klestar

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

For me the disadvantage of bitcoin to be honest it's hard to know or predict the value of bitcoin so the disadvantage is if you buy a bitcoin and the price of bitcoin became decrease and if youdont have a patience i think you'll become loss just for my opinion.

sayulita

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CyberTrade

Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

The most annoying disadvantage is that we have to wait for a pretty long time to get confirmations on transaction.

miss.M

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The disadvantage of bitcoin for me is we can't use it offline, and some store don't accept bitcoin. The price also is easily move and hoping that always increase.

chayskie04

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There are many disadvantages of bitcoins One of the main disadvantage of bitcoin its mining takes a lot of time and the influence of ban of bitcoins in some part of the world leads to a negative impact which decreases its value leading to loss for the investors.

Kaller

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1. Increasingly higher transaction fees.
2. Increasingly higher transaction confirmation times.
3. Cannot get back if you send to wrong address.
4. Can easily get scammed due to above mentioned reason.
5. Very hard for noobs to learn about and figure out how to buy it in their country.

There are more, but these are the first that come to my mind.

negancoin

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I would say security which could cause losing your coin and never ever get it back.

Bellator

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

absolutely true that even how good bitcoin is, but still we can't deny that there are still some disadvantages one of the most disadvantage is that it is not accessable if we are offline or without internet so in most country that internet are not fully optimise to the public its hard to use it anytime.

xander ford

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

Base on my searching on the internet it is because Lack of Awareness & Understanding because the fact is many people are still unaware of digital currencies and Bitcoin. And p
eople need to be educated about Bitcoin to be able to apply it to their lives.

chichan13

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Quote from: AwpDragonPoor on October 01, 2017, 10:37:22 PM

We all know the advantages of BTC, but what are some of the disadvantages??

disadvantage of Bitcoin is that it is very volatile and price of bitcoin keeps changing very fast and sharply which is not the case with other currencies which are very stable. And there is a limited amount of coins and the demand for them increases by each passing day.

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